Five laws for startups and SMEs that passed through Parliament this week

senate tax breaks laws

Source: AAP Image/ Lukas Coch

The winter sitting of Parliament is coming to a close, but frigid temperatures in Canberra did not cool off a legislative hot streak: the Senate adjourned on Thursday after passing 19 separate bills, capping off a busy season for lawmakers.

Measures significant to the small business and startup community are included in bills to have passed in recent days.

Here are just a few of the initiatives, funding tweaks, and rule changes you can expect to see as a result.

Skills and Training Boost, Technology Investment Boost

Small businesses are now free to claim up to 20% in ‘bonus’ tax deductions on eligible training and tech expenses thanks to the twin Skills and Training Boost and Technology Investment Boost policies.

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